EGR 3.33% 14.5¢ ecograf limited

Hi W,The potential is definitely here and everything is falling...

  1. 5,238 Posts.
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    Hi W,

    The potential is definitely here and everything is falling into place including the China announcement and ever-increasing EV adoption, not to mention the still under-the-radar Graphite demand from Battery Storage, and EGR has done a lot of the prep work and is now in an enviable position to capitalise strongly.

    The problem is with management being on the greedy side and asking for:

    * lofty performance shares with a ridiculously low strike price

    * RESOLUTION 7 – ISSUE 500,000 EGR shares to NON-EXECUTIVE DIRECTOR EQUITY RIGHTS TO DIRECTOR –
    KEITH JONES --- what is happening EGR board??

    * RESOLUTION 8 – ADOPTION OF ECOGRAF SECURITIES PLAN -
    for the issue during the next 3 years of up to 45,250,000 Securities under that Plan??? Issue 10% of total SOI over the next 3 years just for performance share...shares would have to be worth more than $2 if the FID for EPANKO and at least one Purification plan is done within that timeframe == they want AU$90mil + in potential performance shares...guys better promote the achievements better instead of trying to line your bed first...a small example: why was the drill campaign not highlighted better? Plenty of other missed opportunities, but it all makes sense for what your plan is..



    And No, it's not just an issue with EGR but across the ASX spec sector, we are voting no out of principal as we all know there will be a significant SP move due to the timing of the above-mentioned factors...EGR management knows this but by putting the pitty self-interest motions on the Agenda they are underselling the Company and themselves...

    https://hotcopper.com.au/data/attachments/5749/5749714-317d46ea76790145ce3656a2f213cb7a.jpg


 
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